“One of the characteristics of financial statements is neutrality”- Do you agree with this statement?

Question

Gayathri Jayalal · Answer

Financial Statements show the financial position of the Company. Financial Statement such as balance sheet depicts position of assets of the company strong enough to cover its liabilities. Thus, Neutrality is a Characteristic of Financial Statements.

مستخدم محذوف‎ · Answer

Agree.
Financial statements should be unbiased to protect stakeholders as  shareholders, creditors, employees, regulatory agencies....etc & to Protect the public.

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“One of the characteristics of financial statements is neutrality”- Do you agree with this statement?

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